NRG Energy (NRG) Reports Q3 EPS of 94c
NRG Energy (NYSE: NRG) reported Q3 EPS of $0.94, may not compare to the analyst estimate of $1.31. Revenue for the quarter came in at $3.06 billion versus the consensus estimate of $3.18 billion.
2018 and 2019 Guidance
NRG has narrowed the range of its Adjusted EBITDA and FCF before Growth Investments guidance for 2018 to reflect the completed sale of NRG Yield and the Renewables Platform, as well as the previously announced sale of the South Central business unit. Additionally, NRG is initiating guidance for fiscal year 2019, which also reflects the aforementioned sales.
Table 4: 2018 and 2019 Adjusted EBITDA, Cash from Operations, and FCF before Growth Investments Guidance
| � | � | 2018 | � | � | 2019 |
| ($ in millions) | � | Revised Guidance4 | � | � | Guidance |
| Adjusted EBITDA5 | � | $1,700-$1,800 | � | � | $1,850-$2,050 |
| Cash From Operations | $1,240-$1,340 | $1,405-$1,605 | |||
| Free Cash Flow Before Growth Investments (FCFbG) | $1,050-$1,150 | $1,250-$1,450 |
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